Abdel Fattah al-Sisi was sworn in before Parliament today for a third term as the leader of the most populous Arab country.
THE Sissywho has been in power for a decade, is expected to remain in office until 2030 following winning the presidential election in December with 89.6% of the vote once morest three other candidates relatively unknown to the general public.
A former army chief and defense minister, Sisi orchestrated the ouster of Islamist president Mohamed Morsi in 2013, a year before his ascension to the presidency, following massive popular protests.
His new term, which starts tomorrow and will last six years, is supposed to be the last according to the Constitution.
According to images of the swearing-in ceremony broadcast on state television, Sisi delivered his oath to lawmakers gathered at Parliament House, in the new administrative capital built under his presidency east of Cairo.
The event also marks the inauguration of this new capital, according to local media.
According to the protothema, Sisi’s new term begins amid a severe economic crisis, which has been marked by a galloping inflation and lack of liquidity that makes trade exchanges difficult.
In the first quarter of 2024, the Egypt however, it benefited from an influx of tens of billions of dollars, including $35 billion from the United Arab Emirates and the addition of $5 billion to an initial $3 billion loan from the International Monetary Fund.
For Mr. Sisi’s supporters, this influx of foreign currency is expected to get the economy back on track, but observers remain wary of an improvement without structural reforms aimed at reducing state and military involvement in the economy. .
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